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Palmerston North CBD

234 Rangitikei Street, Palmerston North CBD, Palmerston North

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4,013sqm Floor area
8,094sqm Land area SQM
107 Offstreet

For Sale by Negotiation

Premium Palmerston North retail investment


Positioned on Palmerston North's busy Rangitikei Street , this investment property requires the attention of all investors looking to expand their investment portfolios.This quality property houses Harvey Norman, Bed Bath & Beyond and Price Busters with 107 shared carparks This complex has it all with an expected generous yield anticipated. Surrounded by similar complexes with strong retail presence such as Supercheap Auto, Lighting Plus, Storage Box, Mitre 10 Mega, Warehouse Stationery, Countdown Supermarket Crackerjack and Noel Leeming. This complex and the adjacent retail properties are tenanted by nationally recognised and respected retail stores.
The property is ideally situated for large scale retail in Palmerston North .The buildings are modern and are 100% to NBS. They are attractive and will be sought after by a strong investment market.

Russell Duggan

Russell Duggan


Bartley Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Karl Cameron

Karl Cameron


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Lewis Townshend

Lewis Townshend


Mid West Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Growth opportunities


There's room for rental growth with a 504sqm vacant tenancy

NBS%


Built to 100% of the NBS

Prime location


Surrounded by big box retail and similar properties this high-profile shopping center is situated on a busy arterial road

Tenants


Tenants in the complex include Uncle Bills Price Busters, Bed, Bath & Beyond and national powerhouse Harvey Norman